2025/92

Author: Wannaphong Durongkaveroj

Published: 19 November 2025

Since the 1990s, international trade has been powered by cross-border dispersion of production processes within vertically integrated global industries, which I label ‘global production sharing’ in this paper. This phenomenon is driven by improvements in production technology, innovations in transportation and communication, and trade liberalisation. Firms in different locations specialise in specific tasks/activities within the production process of a given product. The collection of all value-added activities involved in production across countries constitutes global value chains (GVCs).

For full article, please open the link:

https://www.iseas.edu.sg/articles-commentaries/iseas-perspective/2025-92-economic-upgrading-within-global-value-chains-carries-risks-a-case-study-of-thailand-by-wannaphong-durongkaveroj/

ISEAS Perspective is published electronically by: ISEAS – Yusof Ishak Institute 

IRSEA and ISEAS have agreed to enter into a relationship of cooperation.

The opinions expressed in this article are the author’s own and do not necessarily reflect the official policy, position or view of IRSEA